But the results fell slightly short even of Netflix’s own forecasts of adding 5.2 million subscribers in the first quarter 1.5 million domestic streamers and 3.7 million internationally. The company said the 22 percent year-over-year decrease in international subscriber additions was in part “lapping” last year’s massive global expansion. It said it expects total subscribers to hit 3.2 million next quarter, well above the 2.45 million expected. “The subs were a littler light, both domestically and internationally, and that’s why I think the stock [was] down,” said Michael Graham, managing director and senior internet analyst at Canaccord Genuity told CNBC’s ” Closing Bell ” on Monday. “But I think why it [was] not down even more is because the guidance for subscribers for Q2 were ahead of where our estimates were, where consensus was. I feel like it is just a little bit of lumpiness they’ve had this lumpiness before. If the guidance for Q2 was weaker for subscribers, I think the stock would be down more.” read the full info hereSubscriber growth is a key metric for analysts. Domestic growth can signal that the company’s core market has yet to mature, analysts said, while the international market has shown the most rapid new growth prospects. The California-based company is now dumping cash into original content to maintain its dominance over its growing field of rivals.
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(Marilyn Monroe/American Press via AP) More BATON ROUGE, La. (AP) A federal judge in Louisiana who took medical leave for treatment of severe alcoholism said Friday there are no grounds to challenge cases resolved in her court. “I’m not going to downplay the alcohol problem,” U.S. District Judge Patricia Minaldi said in interview with KPLC-TV (http://bit.ly/2oHONrQ ) and The American Press of Lake Charles (http://bit.ly/2nNsgdU ). But, she added, proceedings were halted “if there ever was an indication” that she was unable to handle her duties due to alcohol. “There have been thousands and thousands of cases that I have handled where that was never even an issue,” Minaldi said. “I’m sure some will be challenged. Anyone can file a lawsuit regardless of its merit. But, I don’t believe for a second that any of those cases, meritoriously, will be challenged.” Minaldi’s unusual behavior on the bench preceded her mysterious removal from a string of cases.
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